Crypto markets have jumped $6 billion; Bitcoin Cash surging, Crypto.com up 500% this week, Ethereum and Litecoin doing well.
Market Wrap
The momentum has continued on crypto markets as we begin the weekend. The bulls have awoken and driven total market capitalization over $140 billion as altcoins drive the recovery and Bitcoin reaches critical resistance levels.
Bitcoin has slowly edged up to $3,960 over the past 24 hours before shifting gear a few hours ago to break $4,000 and hit an intraday high of $4,070 where it currently trades. The 3.5% gain for BTC has pulled the rest of the market higher as altcoins make bigger moves. Bitcoin dominance is still dropping and has now fallen to a new 2019 low of 50.7%.
Ethereum has made a solid 7% on the day as it moves up towards $145. The three week high for ETH has increase its market cap over $15 billion again and widened the gap to XRP in third to almost $2 billion. The Ripple token has been weak again during this rally as it has only managed just below 3% to reach $0.320.
The top ten is all solid green during today’s Asian trading session. Bitcoin Cash has made an epic surge of 17.5% on the day as it jumps to $160 for the first time since early January. The relatively obscure Korean exchange Lbank is taking over a quarter of the BCH volume at the moment. Litecoin is also performing well as it breaks $60 with an 9% surge on the day. EOS, Stellar and Tron have made 4-5 percent and Binance Coin has not moved during this run.

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